Lindsell Train director handed £8.2m - reports

Grows pre-tax profits by 46%

Mike Sheen
clock • 1 min read

Lindsell Train has paid a director £8.2m on the back of profit growth of almost 50%, beating the pay of the executives of the UK's biggest asset managers.

The firm reported a 46% rise in pre-tax profit to £55.6m for the year to January, while investment performance and inflows pushed AUM to £16.3bn, a 24% rise. Gallery: Five charts reflecting the CEO pay at FTSE 100 companies The identity of the director receiving the £8.2m pay-out, which is up from £5.7m a year earlier, is not known but is thought to be Nick Train or Michael Lindsell, according to the FT. It makes the employee in question one of the best-paid figures in UK fund management, surpassing Schroders chief executive Peter Harrison and Keith Skeoch, chief executive of Stand...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Passive asset managers pick up steam in fund selector rankings

Passive asset managers pick up steam in fund selector rankings

Broadridge Fund Brand 50 Report

clock 26 March 2024 • 2 min read
Robeco expands emerging markets equity range with ex-China strategy

Robeco expands emerging markets equity range with ex-China strategy

More ‘balanced’ exposure to EM

Valeria Martinez
clock 26 March 2024 • 2 min read
Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits

Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits

Adobe, Amazon, Estee Lauder and PayPal

clock 25 March 2024 • 1 min read
Trustpilot